16 Facts About Moral economy

Moral economy refers to economic activities viewed through a moral, not just a material, lens.

The definition of moral economy is constantly revisited depending on its usage in differing social, economic, ecological, and geographic situations and times.

Moral economy described how Thompson "treated the concept as a neologism that had no prior history".

Moral economy wrote that he thought that the usage of the term could be dated to at least the mid-18th century.

Thompson's "sufficiently attractive" concept of moral economy became "famous, " with scholars from other disciplines outside history, such as political science, sociology, and anthropology, adopting it.

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Moral economy wrote that this chapter was the "most lucid expression" of the standpoint of the political economy upon market relations in subsistence foodstuffs.

Moral economy cites examples of British administrators sent to India who resolutely resisted government interventions in the free operation of the market in spite of the "vast exigencies of Indian famine" during the Great Bengal famine of 1770.

Moral economy said that, when the clergy condemned selling food at high prices or raising rents, it is possible that this influenced the behavior of many people who regarded themselves as Christian and might have been concerned about their reputations.

Moral economy is a signal which brings on a rush of polemical blood to the academic head.

Moral economy undertook his research in the colonial archives in Paris and London.

Moral economy focused on colonization and decolonization in the peasant world of Burma and Vietnam, which included two unsuccessful uprisings in the 1930s.

Moral economy rejected Thompson's concept of moral economy underpinned by what Thompson called "extraordinary deep-rooted pattern of behaviour and belief" which legitimised their protests against the "propertied and those in authority".

Moral economy's moral economy is one in which there is a balance between interventionism and libertarianism; between economic factors and ethical norms in the name of social justice.

Term moral economy continued to used in disciplines such as history, anthropology, sociology and political science in 2015.

University College of Cork paper describes how "concept of the moral economy when employed as an analytical tool to comprehend the essentially conservative inclination of discommoded social interests that embarked on collective action in order to sustain traditional entitlements, to maintain extant economic arrangements, or to permit access to foodstuffs at moments of acute price inflation, has considerable value" in regards to uprisings in the 18th and 19th century in Ireland.

Since at least 2008, while the use of the term moral economy has increased in the social sciences, the clarity of the terminology has not improved.